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SPC GLOBAL HOLDINGS LTD M&A Activity 2015

Sep 21, 2015

65843_rns_2015-09-21_da16e18c-169c-4278-9d06-1f11257815ad.pdf

M&A Activity

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UPDATE ON THE AQCUISTION OF THE FOOD REVOLUTION GROUP

ASX ANNOUNCEMENT 22 September 2015

HIGHLIGHTS

Crest Minerals Limited (ASX: CTT) (“Crest”) progresses towards completion of the transaction with LangTech International Pty Ltd (“LangTech”), a food processing company with operations in Mill Park, Victoria and New Zealand (to be renamed the Food Revolution Group Limited (“FRG”)).
Crest and LangTech agree to extend the mutual due diligence process by 7 days to 26 September 2015.

Crest advises that further to the reverse takeover (RTO) of Crest by LangTech (announcement of 28 July 2015), the Company has extended the mutual due diligence process to 26 September 2015. The mutual due diligence process is the first condition precedent to completion of the RTO transaction.

Both parties are committed to the transaction and require this additional time to complete due diligence.

Shareholder and Media Contacts:

Simon Doherty Taylor Collison [email protected] +61 2 9377 1500